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August 19 , 2021 BIRD Bird Announces Record Second Quarter and First Half Fiscal 2021 Financial Results Second Quarter Revenue Increased by 477 % Over the Same Period in 2020 and 43 % Over 2019 Revenue Exceeded Second Quarter Expectation by 36 % Investor Call Scheduled for Thursday , August 19 , 2021 at 9:00 AM ET LOS ANGELES , Aug. 19 , 2021 / PRNewswire / -- Bird Rides , Inc. ( " Bird " or the " Company " ) , a leader in environmentally friendly electric transportation , today announced financial results for the second quarter ended June 30 , 2021 that exceeded the Company's expectations . The company also today unveiled the newest product in its consumer products portfolio , the Bird Bike , an e - bike poised to tap into the fast growing $ 20 billion consumer e - bike market . Travis VanderZanden , Founder and CEO of Bird , said , " Our second quarter financial results reflect significant outperformance compared to our expectations as we continued to deliver industry - leading results driven by strong execution , tailwinds from the easing of COVID - 19 restrictions in major markets , and favorable regulatory environments across cities which continue to support increased demand for eco - friendly and naturally socially distanced transportation . Specifically , during the second quarter we drove a 477 % increase in revenue over the same period last year and a 36 % outperformance relative to our expectations . These results paired with our operational innovations , including our Fleet Manager operating model , and new vehicle introductions further support our ability to achieve our objectives for this fiscal year . " Second Quarter ended June 30 , 2021 Financial Results • Gross Transaction Value ( " GTV " ) was $ 71.2 million , exceeding expectations by 35 % in the second quarter , representing a YoY increase of 435 % versus $ 13.3 million in the second quarter of 2020 , a period impacted by depressed demand due to COVID - 19 restrictions , and a 57 % increase versus the same period in 2019 . • Revenue was $ 60.0 million , 36 % above expectations , representing a YoY increase of 477 % versus $ 10.4 million in the same period in 2020 , and a 43 % increase versus the same period in 2019 . • Gross margin was 26 % as a percentage of revenue , exceeding expectations by 14 percentage points and representing an 85 percentage point increase over the prior year period . • Ride Profit ( before Vehicle Depreciation ) increased by $ 26.4 million YoY to $ 27.8 million . Ride Profit Margin ( before Vehicle Depreciation ) as a percentage of sharing revenue was 49 % , compared to 15 % for the prior year period , outperforming